Barrington analyst Alexander Paris reiterated a Buy rating on K12 Inc (LRN) today and set a price target of $40.00. The company’s shares closed last Monday at $25.68.
According to TipRanks.com, Paris is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.9% and a 34.6% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for K12 Inc with a $36.50 average price target.
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Based on K12 Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.32 million. In comparison, last year the company had a GAAP net loss of $8.28 million.
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K12, Inc. is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name.
